HVAX Technologies Limited — Important, 10-12-2024: Updates

The Board of Directors of HVAX Technologies Limited has convened a meeting and adopted the unaudited financial results for the half-year ended September 30, 2024. Key highlights include total revenue of ₹46.48 crore, significantly increasing from ₹28.93 crore in the same period last year. The profit before tax was ₹5.23 crore, with earnings per share increasing to ₹56.13 compared to ₹17.33 year-on-year.

For the balance sheet, total assets as of September 30, 2024, stand at ₹69.97 crore, up from ₹63.66 crore at the end of the previous financial year. This growth is largely attributable to improvements in trade receivables and surplus reserves, which now amount to ₹34.12 crore compared to ₹30.30 crore previously.

The company is making strides in working capital management and continues to enhance its market position in controlled environment infrastructure for the healthcare sector. Overall, the results reflect a positive outlook for HVAX Technologies, although investors should remain vigilant to external market conditions and operational challenges.